https://www.taxtmi.com/caselaws?id=46381 Section 4(1)(a) of the Central Excise Act, 1944 applies where excisable goods are ordinarily sold in wholesale trade and a normal price is ascertainable. Differential pricing to different classes of buyers does not by itself make that price unascertainable. Section 4(1)(b) applies only when no normal price can be determined because the goods are not sold or for another such reason. As the components were admittedly sold in the market at a price, their transfer to sister units on stock transfer basis did not displace section 4(1)(a). Valuation under section 4(1)(b) and the Valuation Rules was therefore inapplicable. en-us Wed, 13 Nov 2002 00:00:00 +0530 Tue, 24 Jun 2014 11:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46381 Section 4(1)(a) of the Central Excise Act, 1944 applies where excisable goods are ordinarily sold in wholesale trade and a normal price is ascertainable. Differential pricing to different classes of buyers does not by itself make that price unascertainable. Section 4(1)(b) applies only when no normal price can be determined because the goods are not sold or for another such reason. As the components were admittedly sold in the market at a price, their transfer to sister units on stock transfer basis did not displace section 4(1)(a). Valuation under section 4(1)(b) and the Valuation Rules was therefore inapplicable. Case-Laws Central Excise Wed, 13 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46381